U.S. sanctions actions target Russian involvement in Guatemala’s mining sector

FILE PHOTO: U.S. and Russian flags are seen through broken glass in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) — The U.S. Treasury Department on Friday issued sanctions targeting Russian involvement in the Guatemalan nickel sector, according to a statement.

The sanctions target Compania Guatemalteca de Niquel ProNiCo and Mayaniquel, Guatemalan-based subsidiaries of Solway Investment Group. As part of the same action, Treasury also sanctioned Dmitry Kudryakov, who leads Solway’s mining operations in Guatemala, and a Belarusian national for allegedly leading bribery and corruption schemes.

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